LONDON, Nov. 24 (MNI) - There has been a raft of new issues this morning, despite a more downbeat session for European credit and equity markets so far today.

Vivendi is to issue a E1 billion, dual-tranche fixed rate deal.

The first tranche is a E500 million, 7 year fixed rate deal with price talk in the mid-market swaps plus 125 basis points area. The second tranche is a E500 million, 10 year fixed rate deal with price talk in the mid-market swaps plus 145 bps area.

Leads are HSBC, RBS and SocGen.

Also, Telefonica is to issue a benchmark, 13 year fixed rate deal in Sterling. Price talk is in the government bonds plus 150 bps area and the leads are HSBC and Lloyds TSB.

Volkswagen is to issue a benchmark fixed rate deal in Euros, maturing February 2015. Price talk is in the mid-market swaps plus 80-85 bps area and the leads are BNPP, Deutsche Bank, ING and LBBW.

AyT is to issue a benchmark, 10 year fixed rate covered deal in Euros. Price talk is in the mid-market swaps plus 125 bps area and the leads are ACF, Goldman Sachs, RBS and SocGen.

Intesa Sanpaolo is to issue a benchmark, 3 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 50 bps area and the leads are Banca IMI, BNPP, Credit Suisse and JP Morgan.

Anglo American is to issue a benchmark, 7 year deal in Euros. Leads are Citigroup, HSBC, RBS and Santander.

Banco Comercial Portugues is to issue a benchmark FRN deal, maturing February 2013. Leads are Barclays, JP Morgan, MBCP and UniCredit.

KfW is to issue a E3 billion deal, maturing July 2016. Leads are Barclays, HSBC and UniCredit.

Lastly, Wales & West Utilities is to issue a deal in Sterling. Leads are Barclays, Commerzbank and RBS.

Yesterday, HSBC Bank issued its E1.25 billion fixed rate deal maturing 2016. The bond has a coupon of 3.75% and was priced to yield mid-market swaps plus 67 bps. The deal was self-led.

Banco Guipuzcoano issued its E400 million fixed rate deal maturing 2012. The bond has a coupon of 2.375% and had a reoffer price of 99.857% (priced to yield mid-market swaps plus 25 bps). Leads were Calyon and HSBC.

Lastly, UBS issued its E1 billion fixed rate covered deal maturing 2019. The bond has a coupon of 3.875% and had a reoffer price of 98.9375 (priced to yield mid-market swaps plus 50 bps). Leads were UBS, ING, LBBW, RBS, Lloyds TSB and SocGen.

EURO SUPPLY PIPELINE: Nov. 24

CORPORATE

* Hera SpA - Is to issue a benchmark deal in Euros. The deal will be launched following investor presentations and the leads are BoA-ML and SocGen. * Anglo American - Is to issue a benchmark, 7 year deal in Euros. Leads are Citigroup, HSBC, RBS and Santander. * Vivendi - Is to issue a E1 billion, dual-tranche fixed rate deal. The first tranche is a E500 million, 7 year fixed rate deal with price talk in the mid-market swaps plus 130 bps area. The second tranche is a E500 million, 10 year fixed rate deal with price talk in the mid-market swaps plus 150 bps area. Leads are HSBC, RBS and SocGen. * Telefonica - Is to issue a benchmark, 13 year fixed rate deal in Sterling. Price talk is in the government bonds plus 150 bps area and the leads are HSBC and Lloyds TSB. * Wales & West Utilities - Is to issue a deal in Sterling. Leads are Barclays, Commerzbank and RBS. * Volkswagen - Is to issue a benchmark fixed rate deal in Euros, maturing February 2015. Price talk is in the mid-market swaps plus 80-85 bps area and the leads are BNPP, Deutsche Bank, ING and LBBW.

FINANCIALS

* Banco Comercial Portugues - Is to issue a benchmark FRN deal, maturing February 2013. Leads are Barclays, JP Morgan, MBCP and UniCredit. * KfW - Is to issue a E3 billion deal, maturing July 2016. Leads are Barclays, HSBC and UniCredit. * AyT - Is to issue a benchmark, 10 year fixed rate covered deal in Euros. Price talk is in the mid-market swaps plus 125 bps area and the leads are ACF, Goldman Sachs, RBS and SocGen. * Intesa Sanpaolo - Is to issue a benchmark, 3 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 50 bps area and the leads are Banca IMI, BNPP, Credit Suisse and JP Morgan.

OTHER

* Fondo de Reestructuracion Ordenada Bancaria (FROB) - Is to issue an inaugural benchmark, 5 year deal in Euros. Leads are BBVA, Barclays, Calyon, Deutsche Bank and HSBC. The issue will carry an explicit and irrevocable guarantee from the Kingdom of Spain and will be launched and priced in the near future subject to market conditions and after investor presentations.